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Comment for Proposed Rule 76 FR 4752

  • From: Clayton Holbrook
    Organization(s):
    Individual

    Comment No: 28374
    Date: 2/23/2011

    Comment Text:

    Dear Commissioners:

    I have followed the market manipulation for many years and have more than once voiced my displeasure about the continued fraud and manipulation taking place on the COMEX in gold and especially in SILVER.

    It is your duty to impose fair and appropriate position limits in silver.

    You know they should NOT BE MORE than 1,500 contracts or 7.5M ounces! The current proposed limit of over 5,000 contracts WILL NOT SOLVE THE PROBLEM OF MANIPULATION IN SILVER! The 1,500 contract limit is the correct amount and is STILL greater than any other current concentration in physical commodities traded on the COMEX.

    Do the right thing...

    FIX THE PROBLEM WITH NO MORE THAN 1,500 CONTRACTS IN SILVER!

    America needs you to do the right thing.

    Clayton Holbrook

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